$3,000,000
PRE-FORECLOSURE The borrower is in default on their loan obligation and/or the bank or lender has initiated foreclosure proceedings. This property is occupied, do not disturb the occupants. Trespassing is a criminal offense.

Estimated payment $17,395/month

Total Views 555
4 Beds
3 Baths
1,542 Sq Ft
$1,946 Price per Sq Ft

Highlights

  • Ocean View
  • Main Floor Bedroom
  • Granite Countertops
  • Newport Elementary School Rated A
  • Furnished
  • No HOA

About This Home

Legal non-conforming triplex with active short-term rental permits—just steps from the surf and sand. This rare investment opportunity features a 2-bedroom/1-bath and two 1-bedroom/1-bath units, each with its own washer and dryer. All residences have been stylishly upgraded with new kitchens, bathrooms, flooring, plumbing, and roof, and are move-in ready whether used as rentals or personal retreat. Parking includes a one-car garage plus two additional spaces. With no streets to cross to reach the beach and the pier, park, and bay only a block away, the location offers unbeatable convenience and lifestyle appeal. Please note: City records has the square footage as 1,544 sqft, an appraisal has the square footage as 2,059 sqft, and county tax records has the square footage as 1,366.

Listing Agent

Laura Quinn

Corona Del Mar Properties Inc Brokerage Phone: 949-836-0705 License #01965058 Listed on: 10/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,620

Year Built

  • Built in 1928

Lot Details

  • 2,614 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wrought Iron Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 1 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available

Property Views

  • Ocean
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Triplex
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,542 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Skylights
  • Living Room
  • Storage
  • Laminate Flooring

Kitchen

  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 18 / 18
  • Tax Tract Number 515
  • Assessor Parcel Number 04717303
  • $542 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Balboa Peninsula Subdivision

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,620

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 04717303
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Furnished, Granite Counters, Storage
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 1945.53
  • Room Type: Laundry, Living Room, Main Floor Bedroom, Primary Bedroom
  • Window Features: Skylight(s)

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s)
  • View: Neighborhood, Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range, Microwave, Refrigerator, Tankless Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Level
  • Lot Size Sq Ft: 2614.00
  • Lot Size Acres: 0.0600

Multi Family

  • Lot Size Area: 2614.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: 18
  • Tax Census Tract: 628.00
  • Tax Lot: 18
  • Tax Tract Number: 515
  • TaxOtherAnnualAssessmentAmount: 542.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,620 $1,752,483 $1,712,742 $39,741
2024 $18,620 $1,718,121 $1,679,159 $38,962
2023 $19,030 $1,684,433 $1,646,234 $38,199
2022 $18,922 $1,651,405 $1,613,955 $37,450
2021 $18,850 $1,619,025 $1,582,309 $36,716
2020 $18,581 $1,602,424 $1,566,084 $36,340
2019 $18,344 $1,571,004 $1,535,376 $35,628
2018 $18,079 $1,540,200 $1,505,270 $34,930
2017 $6,289 $420,553 $380,062 $40,491
2016 $6,199 $412,307 $372,609 $39,698
2015 $6,159 $406,114 $367,012 $39,102
2014 $6,035 $398,159 $359,822 $38,337
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2025 11/21/25 For Sale $3,000,000 0.0% $1,946 / Sq Ft
11/06/2025 11/06/25 Pending -- -- --
10/27/2025 10/27/25 For Sale $3,000,000 +98.7% $1,946 / Sq Ft
05/11/2017 05/11/17 Sold $1,510,000 -5.3% $1,466 / Sq Ft View Prior Sale
04/05/2017 04/05/17 Pending -- -- --
02/09/2017 02/09/17 For Sale $1,595,000 -- $1,549 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,510,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,260,000 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25248167

California Regional Multiple Listing Service (CRMLS)

APN: 047-173-03